Sunset Strip > Trading Day Wrap From Blue Ocean 20170515

Mathan Somasundaram

Local market recovered from the opening fall before weak China data took the market down to finish flat for the day. The best performers were Telcos, Financials and Energy while Gold, Staples and Property were the worst performers. US/China deals…will get more Beef, Poultry, financial Services, Agri/Bio and Energy access for US producers into China…more competition for Australian producers. Federal Court case on franchise model involving Pizza Hut will make market worry about the implication to all the franchise models like RFG, CTX etc. Oroton has gone into trading halt…market expecting a downgrade…there is value in the brand but likely to see a lot more pain before that emerges.

Click here for the full report...

(VIEW LINK)


About this contributor

Mathan Somasundaram

Mathan Somasundaram

Market Portfolio Strategist, Blue Ocean Equities

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

Expertise

No areas of expertise

Comments

Please sign in to comment on this wire.